Ferguson To Repurchase Up To 375 Mln Pounds Of Shares

Ferguson PLC (FERG.L) on Friday announced share buyback of up to 375 million pounds, in continuation of a deal it has entered into with J.P. Morgan Securities to buy back shares not exceeding $2 billion.

The buyback, which is aimed to reduce the capital of the company, is commencing from June 24, and ending no later than October 10, 2022, the company said.

Ferguson also plans to use the repurchased shares to satisfy employee share awards.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Centers for Disease Control and Prevention or CDC director, Rochelle Walensky, has initiated a reorganization of the public health agency noting that it failed to reliably meet expectations during the coronavirus pandemic period, reports said. The proposed changes for a reset in the agency are expected to help it respond quicker to new health threats. While reporting financial results for the second quarter on Thursday, department store chain Kohl's Corp. (KSS) slashed its adjusted earnings and sales growth guidance for the full-year 2022. For fiscal 2022, the company now projects adjusted earnings in a range of $2.80 to $3.20 per share on a net... Apple Inc. is planning to hold a launch event on September 7 to unveil its latest iPhone 14 line, Bloomberg reported citing people with knowledge of the matter. The tech major is also expected to roll out its latest version of three Apple Watch models including Series 8. The new products, which also include multiple new versions of Macs, and low and high-end iPads, are likely to reach stores...
Follow RTT